#gdp-growth

#gdp-growth

So just think, the whole world out there in the third quarter, the United Kingdom grew .1. The European Union group, .4, and Japan fell .6%, fell .6%. Donald Trump's economy grew, the United States of America, the biggest economy in the world, 4.3%. What that means is that Americans overall all of us are going to earn 4.3% more money. We're making a raise. It's a simple way to do it.

AP Photo/Manuel Balce Ceneta President Donald Trump took a victory lap over and credited his tariff-heavy trade policy for the promising economic news announced on Tuesday. According to the Department of Commerce, the economy grew at an annualized rate of 4.3% between July and September, a two-year quarterly high. It also easily outstripped the 3.2% growth rate forecasted by economists polled by The Wall Street Journal, which provided additional context on the data: The data show the economy growing

Meanwhile, the news from consumers is more mixed. The University of Michigan's consumer sentiment survey last week showed a 53.3 reading, up 4.5 percentage points sequentially from November but down 28 points year over year. That's not necessarily good news, but it may help to give the Federal Open Markets Committee political cover to lower interest rates at its next meeting, as it's forecast to do on Wednesday. This would please the stock market - a second reason for the Voo to be up this morning.

The audio version of this article is generated by text-to-speech, a technology based on artificial intelligence.

The economists who make these calls would eventually conclude that there was a short recession in 2001, but it was a curious kind of recession - and at best a borderline call. GDP never fell for two consecutive quarters. GDP was narrowly up (0.2%) in 2001 and returned to solid growth in 2002. The GDP slump was caused by a collapse in investment in telecommunications equipment.

What is the current shutdown's expected economic impact? The CBO estimate says the federal spending delay will produce short-term economic losses - largely in the fourth quarter of 2025 - that will mostly be recouped during the first quarter of 2026, assuming the shutdown ends by then. CBO projected how much the shutdown would hamper U.S. economic growth per quarter, adjusted for inflation and multiplied by four, to convert a quarterly figure into an annual one.

Its GDP growth rate of almost 3% in 2024 put it ahead of the overall EU rate of 1%, as well as the bloc's two largest economies France and Germany. France recorded a rate of 1.2% while Germany suffered a -0.2% contraction. The signs for 2025 are also positive. Poland recorded growth of 0.8% in the second quarter, the fifth best rate in the EU.

Bessent criticized the weak jobs data released Friday, extending recent administration claims that the numbers aren't correct and haven't been collected properly. (Trump fired the commissioner of the Bureau of Labor Statistics after the August report, and said without evidence that the BLS rigged the data against him.) "President Trump was elected for change, and we are going to push through with the economic policies that are going to set the economy right," Bessent said. "I believe by the fourth quarter we are going to see a substantial acceleration."

Researchers at Pantheon Macroeconomics found that AI-related spending accounted for a 0.5 percentage point difference in annualized GDP growth for the first half of the year.

Rising energy, labour, and supply costs, coupled with higher taxation, continue to erode margins for businesses in the night-time economy.

One major drag is Russia's exorbitantly high interest rate, currently 21%, which is choking off private investment. The auto industry and mechanical engineering sectors are particularly hard hit.

Bret Baier mentioned the economic contraction concerns while discussing President Trump's claims about the new trade agreement with China, emphasizing its incompleteness.

California's economy has now surpassed India and Japan, officially making it the fourth-largest economy globally, showcasing the state's diverse and booming sectors.

Economic growth in China accelerated to 5.4% in Q1 2023, surpassing the expected 5.1% due to strong industrial output and exports, impacting response to U.S. tariffs.